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Calculate the source of funds from the information given in Vision Insurance company. Particulars OMR Particulars OMR Share capital 500 Life fund at the year
Calculate the source of funds from the information given in Vision Insurance company.
Particulars
OMR
Particulars
OMR
Share capital
500
Life fund at the year end
4,425
Cash in hand
125
General reserve
150
Sundry creditors
125
Loans on company policies
164
Borrowings
500
Agents balance
25
Provision for Income tax
500
Sundry debtors
10
Furniture
475
Premium out standing
8
Source of funds
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